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Medical Gas Equipment Market Size, Share & Trends Analysis Report By Product (Vacuum Systems/Pumps, Manifolds, Alarm Systems, Flowmeters), By End-use, By Region, And Segment Forecast, 2023 - 2030

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from $5,950 100 Pages Grand View Research May, 2023 GV18001493
Best Price Guarantee
Price from $5,950
Length 100 Pages
Publisher Grand View Research
Published Date May, 2023
SKU GV18001493

Medical Gas Equipment Market Growth & Trends

The global medical gas equipment market size is expected to reach USD 4.29 billion by 2030, growing at a CAGR of 7.80% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the market is attributed to factors such growing prevalence of chronic diseases, increasing demand for home healthcare services, and the need for advanced medical equipment in hospitals and clinics. In addition, the increasing geriatric population, advancements in medical technology, and government initiatives to improve healthcare infrastructure are also contributing to the growth of the medical gas equipment industry.

Medical gases are used in various healthcare settings such as hospitals, clinics, and home healthcare to support patient care and treatment. Advancements in technology have also boosted the demand for medical gas equipment. For instance, digital flowmeters have replaced traditional flowmeters in many healthcare settings, as they offer more precise measurements and greater accuracy. They also allow for real-time monitoring of gas flow rates, which is important in critical care settings.

Furthermore, supportive government initiatives have also contributed to the market growth. For instance, in January 2023, the U.S. government announced providing 285 oxygen concentrators to both provincial and district hospitals and 100 oxygen cylinders to every hospital in Mozambique.Similarly, in December 2020, the U.S. government announced to provide funding of USD 2.6 million that aims to assist in the development of medical oxygen systems in Tajikistan as part of its response to the COVID-19 pandemic. Moreover, in 2020, the U.S. government had already given Tajikistan nearly USD 5 million in medical aid to fight against COVID-19, and the oxygen support program is an additional contribution to that.

The COVID-19 pandemic has also led to an increase in the number of patients requiring home healthcare services. As a result, there has been a greater need for portable and home-use medical gas equipment, such as oxygen concentrators and portable oxygen cylinders. Moreover, there was a surge in demand for medical gases such as oxygen, as patients with COVID-19 often require respiratory support.

Medical Gas Equipment Market Highlights
  • On the basis of product, medical gas vacuum systems captured the highest market share of 31.50% in 2022. The growth is attributed to the factors such as increased prices linked to it and rising rates of usage
  • Based on end use, the hospital segment dominated the market in 2022, owing to hospitals' extensive use of medical gases and equipment as a result of their large patient pool
  • The home healthcare segment is expected to witness a CAGR of 9.28% over the forecast period. The growing preference for home healthcare and advances in portable medical systems are some of the major factors contributing to the growth of the segment
  • North America captured the highest market share in 2022. The growing awareness about chronic diseases, and rising adoption of technologically advanced therapeutic and diagnostic products is projected to contribute to the regional market growth
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    Chapter 1. Methodology and Scope
    1.1. Market Segmentation & Scope
    1.2. Research Methodology
    1.3. Information or Data Analysis
    1.4. Market Formulation & Validation
    1.5. Model Details
    1.6. List of Secondary Sources
    1.7. List of Abbreviations
    1.8. Objectives
    Chapter 2. Executive Summary
    2.1. Market Snapshot
    2.2. Segment Snapshot
    2.3. Competitive Landscape Snapshot
    Chapter 3. Market Variables, Trends, & Scope
    3.1. Market Segmentation and Scope
    3.2. Market Lineage Outlook
    3.2.1. Parent Market Outlook
    3.2.2. Related/Ancillary Market Outlook
    3.3. Market Trends and Outlook
    3.4. Market Driver Analysis
    3.5. Market Restraint Analysis
    3.6. Business Environment Analysis
    3.6.1. PESTLE Analysis
    3.6.2. Porter’s Five Forces Analysis
    3.7. COVID-19 Impact Analysis
    Chapter 4. Product Business Analysis
    4.1. Medical Gas Equipment Market: Product Movement and Market share Analysis
    4.2. Vacuum Systems/Pumps
    4.2.1. Vacuum Systems/Pumps Market, 2018 - 2030 (USD Million)
    4.3. Manifolds
    4.3.1. Manifolds Market, 2018 - 2030 (USD Million)
    4.4. Alarm Systems
    4.4.1. Alarm Systems Market, 2018 - 2030 (USD Million)
    4.5. Flowmeters
    4.5.1. Flowmeters Market, 2018 - 2030 (USD Million)
    4.6. Medical Air Compressors
    4.6.1. Medical Air Compressors Market, 2018 - 2030 (USD Million)
    4.7. Cylinders and Accessories
    4.7.1. Cylinders and Accessories Market, 2018 - 2030 (USD Million)
    4.8. Hose Assemblies and Valves
    4.8.1. Hose Assemblies and Valves Market, 2018 - 2030 (USD Million)
    4.9. Outlets
    4.9.1. Outlets Market, 2018 - 2030 (USD Million)
    4.10. Regulators
    4.10.1. Regulators Market, 2018 - 2030 (USD Million)
    4.11. Masks
    4.11.1. Masks Market, 2018 - 2030 (USD Million)
    Chapter 5. End-Use Business Analysis
    5.1. Medical Gas Equipment Market: End Use Movement and Market share Analysis
    5.2. Hospitals
    5.2.1. Hospitals Market, 2018 - 2030 (USD Million)
    5.3. Ambulatory Surgical Centers
    5.3.1. Ambulatory Surgical Centers Market, 2018 - 2030 (USD Million)
    5.4. Home Healthcare
    5.4.1. Home Healthcare Market, 2018 - 2030 (USD Million)
    5.5. Pharmaceutical And Biotechnology Companies
    5.5.1. Pharmaceutical And Biotechnology Companies Market, 2018 - 2030 (USD Million)
    5.6. Diagnostic and Research Laboratories
    5.6.1. Diagnostic and Research Laboratories Market, 2018 - 2030 (USD Million)
    5.7. Academic and Research Institutions
    5.7.1. Academic and Research Institutions Market, 2018 - 2030 (USD Million)
    Chapter 6. Regional Business Analysis
    6.1. Medical Gas Equipment Market Share By Region, 2022 & 2030
    6.2. North America
    6.2.1. North America Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.2.2. U.S.
    6.2.2.1. Key Country Dynamics
    6.2.2.2. Estimated prevalence of COPD
    6.2.2.3. Competitive Scenario
    6.2.2.4. Regulatory Framework
    6.2.2.5. U.S. Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.2.3. Canada
    6.2.3.1. Key Country Dynamics
    6.2.3.2. Estimated prevalence of COPD
    6.2.3.3. Competitive Scenario
    6.2.3.4. Regulatory Framework
    6.2.3.5. Canada Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3. Europe
    6.3.1. Europe Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.2. Germany
    6.3.2.1. Key Country Dynamics
    6.3.2.2. Estimated prevalence of COPD
    6.3.2.3. Competitive Scenario
    6.3.2.4. Regulatory Framework
    6.3.2.5. Germany Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.3. UK
    6.3.3.1. Key Country Dynamics
    6.3.3.2. Estimated prevalence of COPD
    6.3.3.3. Competitive Scenario
    6.3.3.4. Regulatory Framework
    6.3.3.5. UK Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.4. France
    6.3.4.1. Key Country Dynamics
    6.3.4.2. Estimated prevalence of COPD
    6.3.4.3. Competitive Scenario
    6.3.4.4. Regulatory Framework
    6.3.4.5. France Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.5. Italy
    6.3.5.1. Key Country Dynamics
    6.3.5.2. Estimated prevalence of COPD
    6.3.5.3. Competitive Scenario
    6.3.5.4. Regulatory Framework
    6.3.5.5. Italy Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.6. Spain
    6.3.6.1. Key Country Dynamics
    6.3.6.2. Estimated prevalence of COPD
    6.3.6.3. Competitive Scenario
    6.3.6.4. Regulatory Framework
    6.3.6.5. Spain Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.7. Denmark
    6.3.7.1. Key Country Dynamics
    6.3.7.2. Estimated prevalence of COPD
    6.3.7.3. Competitive Scenario
    6.3.7.4. Regulatory Framework
    6.3.7.5. Denmark Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.8. Sweden
    6.3.8.1. Key Country Dynamics
    6.3.8.2. Estimated prevalence of COPD
    6.3.8.3. Competitive Scenario
    6.3.8.4. Regulatory Framework
    6.3.8.5. Sweden Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.3.9. Norway
    6.3.9.1. Key Country Dynamics
    6.3.9.2. Estimated prevalence of COPD
    6.3.9.3. Competitive Scenario
    6.3.9.4. Regulatory Framework
    6.3.9.5. Norway Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4. Asia Pacific
    6.4.1. Asia Pacific Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.2. Japan
    6.4.2.1. Key Country Dynamics
    6.4.2.2. Estimated prevalence of COPD
    6.4.2.3. Competitive Scenario
    6.4.2.4. Regulatory Framework
    6.4.2.5. Japan Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.3. China
    6.4.3.1. Key Country Dynamics
    6.4.3.2. Estimated prevalence of COPD
    6.4.3.3. Competitive Scenario
    6.4.3.4. Regulatory Framework
    6.4.3.5. China Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.4. India
    6.4.4.1. Key Country Dynamics
    6.4.4.2. Estimated prevalence of COPD
    6.4.4.3. Competitive Scenario
    6.4.4.4. Regulatory Framework
    6.4.4.5. India Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.5. South Korea
    6.4.5.1. Key Country Dynamics
    6.4.5.2. Estimated prevalence of COPD
    6.4.5.3. Competitive Scenario
    6.4.5.4. Regulatory Framework
    6.4.5.5. South Korea Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.6. Australia
    6.4.6.1. Key Country Dynamics
    6.4.6.2. Estimated prevalence of COPD
    6.4.6.3. Competitive Scenario
    6.4.6.4. Regulatory Framework
    6.4.6.5. Australia Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.4.7. Thailand
    6.4.7.1. Key Country Dynamics
    6.4.7.2. Estimated prevalence of COPD
    6.4.7.3. Competitive Scenario
    6.4.7.4. Regulatory Framework
    6.4.7.5. Thailand Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.5. Latin America
    6.5.1. Latin America Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.5.2. Brazil
    6.5.2.1. Key Country Dynamics
    6.5.2.2. Estimated prevalence of COPD
    6.5.2.3. Competitive Scenario
    6.5.2.4. Regulatory Framework
    6.5.2.5. Brazil Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.5.3. Mexico
    6.5.3.1. Key Country Dynamics
    6.5.3.2. Estimated prevalence of COPD
    6.5.3.3. Competitive Scenario
    6.5.3.4. Regulatory Framework
    6.5.3.5. Mexico Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.5.4. Argentina
    6.5.4.1. Key Country Dynamics
    6.5.4.2. Estimated prevalence of COPD
    6.5.4.3. Competitive Scenario
    6.5.4.4. Regulatory Framework
    6.5.4.5. Argentina Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.6. MEA
    6.6.1. MEA Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.6.2. South Africa
    6.6.2.1. Key Country Dynamics
    6.6.2.2. Estimated prevalence of COPD
    6.6.2.3. Competitive Scenario
    6.6.2.4. Regulatory Framework
    6.6.2.5. South Africa Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.6.3. Saudi Arabia
    6.6.3.1. Key Country Dynamics
    6.6.3.2. Estimated prevalence of COPD
    6.6.3.3. Competitive Scenario
    6.6.3.4. Regulatory Framework
    6.6.3.5. Saudi Arabia Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.6.4. UAE
    6.6.4.1. Key Country Dynamics
    6.6.4.2. Estimated prevalence of COPD
    6.6.4.3. Competitive Scenario
    6.6.4.4. Regulatory Framework
    6.6.4.5. UAE Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    6.6.5. Kuwait
    6.6.5.1. Key Country Dynamics
    6.6.5.2. Estimated prevalence of COPD
    6.6.5.3. Competitive Scenario
    6.6.5.4. Regulatory Framework
    6.6.5.5. Kuwait Medical Gas Equipment Market, 2018 - 2030 (USD Million)
    Chapter 7. Competitive Landscape
    7.1. Participant’s Overview
    7.2. Financial Performance
    7.3. Company Market Position Analysis
    7.4. Strategy Mapping
    7.4.1. Expansion
    7.4.2. Acquisition
    7.4.3. Collaborations
    7.4.4. New Product Launches
    7.4.5. Partnerships
    7.4.6. Others
    7.5. Participant’s overview
    7.5.1. Air Liquide S.A.
    7.5.1.1. Overview
    7.5.1.2. Financial Performance
    7.5.1.3. Product Benchmarking
    7.5.1.4. Strategic Initiatives
    7.5.2. Atlas Copco Group
    7.5.2.1. Overview
    7.5.2.2. Financial Performance
    7.5.2.3. Product Benchmarking
    7.5.2.4. Strategic Initiatives
    7.5.3. Linde plc
    7.5.3.1. Overview
    7.5.3.2. Financial Performance
    7.5.3.3. Product Benchmarking
    7.5.3.4. Strategic Initiatives
    7.5.4. Airgas Inc.
    7.5.4.1. Overview
    7.5.4.2. Financial Performance
    7.5.4.3. Product Benchmarking
    7.5.4.4. Strategic Initiatives
    7.5.5. Allied Health Care Products Inc.
    7.5.5.1. Overview
    7.5.5.2. Financial Performance
    7.5.5.3. Product Benchmarking
    7.5.5.4. Strategic Initiatives
    7.5.6. Powerex
    7.5.6.1. Overview
    7.5.6.2. Financial Performance
    7.5.6.3. Product Benchmarking
    7.5.6.4. Strategic Initiatives
    7.5.7. Amico Corp.
    7.5.7.1. Overview
    7.5.7.2. Financial Performance
    7.5.7.3. Product Benchmarking
    7.5.7.4. Strategic Initiatives
    7.5.8. Gentec Corp.
    7.5.8.1. Overview
    7.5.8.2. Financial Performance
    7.5.8.3. Product Benchmarking
    7.5.8.4. Strategic Initiatives
    7.5.9. Taiyo Nippon Sanso Corporation
    7.5.9.1. Overview
    7.5.9.2. Financial Performance
    7.5.9.3. Product Benchmarking
    7.5.9.4. Strategic Initiatives
    7.5.10. Colfax Corporation (GCE group AB)
    7.5.10.1. Overview
    7.5.10.2. Financial Performance
    7.5.10.3. Product Benchmarking
    7.5.10.4. Strategic Initiatives

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